Develop and improve products. List of Partners vendors. Your Money. Personal Finance. Your Practice. Popular Courses. Investing Alternative Investments. Table of Contents Expand. What Are Nonrenewable Resources? Formation and Examples.
Fossil Fuels vs. Other Types. Renewable Growth. Nonrenewable Resources FAQs. Key Takeaways A nonrenewable resource is a substance that is being used up more quickly than it can replace itself.
By definition, the supply of a nonrenewable resource is finite. Most fossil fuels, minerals, and metal ores are nonrenewable resources. Renewable resources such as solar and wind power and water are unlimited in supply. What Defines a Nonrenewable Resource? Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts.
We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.
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A renewable resource is a substance of economic value that can be replaced or replenished in less time than it takes to draw the supply down. Petroleum Petroleum is a fluid found in the earth that can be refined into fuel and plastics.
Read about the types of petroleum, its uses, and environmental impacts. Green Tech Definition Green tech is a type of technology that is considered environmentally-friendly based on its production process or supply chain. Hydrocarbon A hydrocarbon is an organic chemical compound composed of hydrogen and carbon atoms. Discover why hydrocarbons are important to the modern economy. Crude Oil Definition Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials.
Energy Sector Definition The energy sector is a category of stocks that relate to producing or supplying energy, i.
Partner Links. Technology is also a human-made resource. People are the human resources. Education and health improve the quality of human resources. Improving the quality of people's skills to enable them to create more resources is called human resource development. Most of the natural resources are limited in stock. Even some of the renewable resources can become scarce if they are not used judiciously.
We are already facing shortage of water at many places because of excessive exploitation of water. Scientists predict that coal and petroleum are going to be exhausted in the near future.
Click to enlarge. Source: Image used by permission from Micrographia. Crude oil and other hydrocarbons exist in liquid or gaseous form in underground pools or reservoirs, in tiny spaces within sedimentary rocks, and near the earth's surface in tar or oil sands. Petroleum products are fuels made from crude oil and hydrocarbons contained in natural gas.
Petroleum products can also be made from coal, natural gas, and biomass. After crude oil is removed from the ground, it is sent to a refinery where different parts of the crude oil are separated into useable petroleum products. These petroleum products include gasoline, distillates such as diesel fuel and heating oil, jet fuel, petrochemical feedstocks, waxes, lubricating oils, and asphalt.
Learn more in Refining crude oil—inputs and outputs. This increase in volume is similar to what happens to popcorn when it is popped. A corn kernel is smaller and more dense than a popped kernel. The amount of individual products produced varies from month-to-month and year-to-year as refineries adjust production to meet market demand and to maximize profitability. Oil and petroleum products explained.
What is energy? Units and calculators. Use of energy. Energy and the environment. Also in What is energy?
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